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GAP: Reminder for the exercise of warrants

G.A.P. Vassilopoulos Limited would like to remind the holders of company warrants that the warrants’ exercise period is from September 1 to 15, 2002. The exercise price is 10 cents per share, payable in full during the exercise period.

To exercise a warrant, its holder must deposit the required amount–number of shares for which he/she exercises the right times warrant exercise price, that is 10 cents per warrant.

Payment can take place at the following points:

a) Any Bank of Cyprus branch, account number 0194-05-010448 with a check payable to G.A.P. Vassilopoulos Limited - Warrants, declaring the name and identity card number of the warrant holder on the deposit description.
b) or, at the Company’s registered office at 20, Strovolos Avenue, Nicosia.

After exercising the warrant, the warrant will stop being valid as such, and will be converted into Company share capital.

Shares resulting from the exercise of warrants will be listed on the CSE.

Shares resulting from the exercise of warrants will be identical to existing shares (rank pari passu) of nominal value 10 cents for all purposes.
Friday, 6 September, 2002 - 10:09